The laborious fork testnet will take situation on August 2nd, and the mainnet launch shall be a month later.
The COTI team has announced in a Medium publish that it’s miles gearing up for its largest give a enhance to but. The community will endure a laborious fork testnet in three weeks, with the mainnet launch scheduled for a month after that.
In accordance with the COTI team, the laborious fork will transition COTI from a single currency infrastructure to a multi-token layer. The team added that in the future of this laborious fork, COTI is launching MultiDAG 2.0. With this replace, furthermore comes a fresh token normal: CMD (COTI MultiDAG).
COTI acknowledged it has been working laborious to acquire its resolution match the enterprises’ wants, and the launch of MultiDAG 2.0 will enable it to create so.
The MultiDAG 2.0 protocol will allow branded enterprise tokens to be generated and minted in seconds on high of COTI’s Trustchain. The tokens will reach with Trustchain aspects tackle scalability, excessive throughput, decrease prices, and seamless price applications.
In accordance with its roadmap, COTI acknowledged after MultiDAG 2.0 goes by device of its Testnet, and Mainnet trial durations, MultiDAG 2.0 shall be officially initiated by increasing a laborious fork transaction that would perchance be connected to DAG and confirmed by community consensus.
The replace shall be followed by the launch of a fresh token normal: CMD (COTI MultiDAG).
Once this occurs, fresh tokens could perchance per chance simply be generated, transferred, and burned on the Trustchain as long because the utilized Full Node supports MultiDAG 2.0 protocol, the team added.
Whereas commenting on this most widespread pattern, Shahaf Bar-Geffen, COTI’s CEO, acknowledged:
“CMD, the Recent Token Not new for COTI, represents the MultiDAG 2.0 launch and is principally the most important milestone for COTI. By Supporting the issuance of tokens on high of our protocol, we are finishing up our vision in turning into the enterprise layer 1. Years of laborious work hang culminated in this sport-changing tournament, and I will be succesful to’t wait to opinion more enterprises the expend of COTI’s technology”.
Forward of the laborious fork, COTI nodes are required to replace their nodes in the next 15 days, till August 2nd. The laborious fork MultiDAG 2.0 testnet deployment shall be on August 2nd, while the laborious fork MultiDAG 2.0 mainnet deployment will happen roughly one month later.
